Thread regarding Foot Locker Inc. layoffs

More layoffs incoming at Foot Locker

In addition to those who have already been laid off...there will be a second wave after the holidays. They want to see where things are at when "the dust settles." The estimated number of layoffs is 300+.

Also, it is correct that they are offering no help and no package. People are just coming into work and being told to go home because they no longer have a job. They have been laying people off as they come back from vacation as well.

Truthfully, if you pay any attention to the company you could see it company. Senior leadership is anti-change. On their last earnings call they blamed everyone else (consumers, economy, manufactures) for their sales woes. They haven't taken responsibility and now their failure to adjust to the eCommerce game has finally caused them to start crashing. Just look at the stock. It is worth LESS THAN HALF of what it was about a year ago. They are getting rid of the wrong people in my opinion.

Bumped from @PgK3oTx-1vyh for info.

by | Post ID: @PhmgqMP
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